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Gold Gains as Dollar Slides Following Moody’s US Downgrade
Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits.Most Read from BloombergAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike,
Gold heads for back-to-back gains with Moody's credit downgrade a source of 'investor angst'
"The Moody’s credit downgrade of the U.S. was a major source of uncertainty and investor angst to start the week and subsequently proved to be a bullish influence on gold as safe-haven money flows picked up considerably,
Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the U.S.
Gold prices edged higher as investors reacted to a weaker U.S. dollar, upcoming Fed rate decisions, and growing interest in U ...
Gold price rises as dollar weakens, Moody’s downgrade fuels demand. Traders eye breakout above $3,238 for bullish momentum in ...
Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid U.S.
Gold prices have exhibited volatility amidst global economic uncertainties, including concerns over US trade policies and ...
So, Moody’s downgraded U.S. sovereign credit rating from AAA to AA1, which means that the U.S. debt is no longer top-rated.
The debt downgrade does nothing to impair the reserve currency status of the U.S. dollar. Given the massive short position on ...
Gold edges lower as haven demand from Moody’s downgrade fades "Today, gold is trading below $3,215 per ounce, as Trump said ...
Moody’s Investors Service downgraded the U.S. sovereign credit rating from Aaa to Aa1, marking the first time all three major ...
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